Can I retire at age 66 with 13,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,060,468
2 years$547,802$537,599$527,712$518,125$508,826$500,693
3 years$361,573$351,327$341,464$331,968$322,820$314,873
4 years$268,478$258,263$248,499$239,164$230,238$222,538
5 years$212,635$202,481$192,845$183,701$175,023$167,593
6 years$175,418$165,341$155,848$146,907$138,490$131,338
7 years$148,845$138,853$129,510$120,780$112,629$105,760
8 years$128,925$119,023$109,835$101,320$93,437$86,850
9 years$113,439$103,631$94,601$86,302$78,687$72,382
10 years$101,058$91,345$82,475$74,393$67,046$61,017
11 years$90,935$81,319$72,610$64,744$57,661$51,905
12 years$82,505$72,988$64,439$56,789$49,968$44,480
13 years$75,377$65,960$57,572$50,137$43,573$38,346
14 years$69,273$59,956$51,729$44,506$38,196$33,225
15 years$63,987$54,771$46,704$39,691$33,631$28,908
16 years$59,367$50,251$42,344$35,539$29,723$25,241
17 years$55,295$46,279$38,532$31,932$26,354$22,107
18 years$51,679$42,764$35,174$28,777$23,433$19,411
19 years$48,447$39,633$32,200$26,002$20,887$17,083
20 years$45,542$36,829$29,552$23,550$18,656$15,063
21 years$42,918$34,305$27,182$21,373$16,695$13,304
22 years$40,535$32,022$25,053$19,433$14,965$11,768
23 years$38,362$29,950$23,132$17,698$13,433$10,422
24 years$36,374$28,061$21,393$16,142$12,074$9,241
25 years$34,547$26,334$19,814$14,742$10,865$8,202
26 years$32,864$24,750$18,376$13,479$9,787$7,286
27 years$31,308$23,292$17,064$12,338$8,824$6,477
28 years$29,866$21,948$15,863$11,304$7,962$5,762
29 years$28,525$20,706$14,762$10,366$7,189$5,129
30 years$27,277$19,554$13,750$9,513$6,496$4,568
31 years$26,111$18,485$12,819$8,737$5,873$4,070
32 years$25,020$17,491$11,960$8,030$5,312$3,628
33 years$23,997$16,564$11,168$7,384$4,808$3,235
34 years$23,037$15,699$10,434$6,794$4,353$2,886
35 years$22,134$14,890$9,755$6,254$3,943$2,575
36 years$21,282$14,133$9,126$5,760$3,572$2,298
37 years$20,479$13,423$8,542$5,307$3,238$2,052
38 years$19,720$12,757$7,999$4,892$2,935$1,832
39 years$19,001$12,130$7,494$4,510$2,662$1,636
40 years$18,320$11,541$7,024$4,160$2,414$1,461
41 years$17,674$10,986$6,586$3,838$2,190$1,305
42 years$17,060$10,463$6,178$3,542$1,987$1,166
43 years$16,477$9,969$5,798$3,270$1,804$1,042
44 years$15,921$9,502$5,442$3,019$1,637$931
45 years$15,392$9,061$5,110$2,788$1,486$832
46 years$14,887$8,644$4,799$2,576$1,350$744
47 years$14,405$8,249$4,509$2,380$1,225$665
48 years$13,945$7,875$4,237$2,199$1,113$595
49 years$13,504$7,520$3,983$2,032$1,011$532
50 years$13,083$7,184$3,744$1,878$918$475

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $13,400,000, adding $3,124 every year, while hoping to spend $20,681 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 48/41/11 Blend
65$13,400,000$13,400,000$13,400,000$13,400,000
66$14,770,022$14,059,822$13,852,122$15,434,284
67$16,254,560$14,726,749$14,294,164$16,558,472
68$17,889,828$15,425,662$14,750,321$17,775,968
69$19,691,178$16,158,107$15,221,044$19,097,393
70$21,675,528$16,925,705$15,706,799$20,532,448
71$23,861,521$17,730,153$16,208,066$22,091,778
72$26,269,701$18,573,235$16,725,341$23,787,073
73$28,922,705$19,456,819$17,259,135$25,631,170
74$31,845,481$20,382,863$17,809,976$27,638,167
75$35,065,520$21,353,423$18,378,410$29,823,552
76$38,613,113$22,370,651$18,964,997$32,204,337
77$42,521,645$23,436,808$19,570,319$34,799,220
78$46,827,902$24,554,260$20,194,974$37,628,746
79$51,572,423$25,725,493$20,839,580$40,715,496
80$56,799,878$26,953,111$21,504,774$44,084,293
81$62,559,497$28,239,845$22,191,215$47,762,426
82$68,905,527$29,588,559$22,899,582$51,779,898
83$75,897,748$31,002,255$23,630,576$56,169,704
84$83,602,038$32,484,085$24,384,919$60,968,125
85$92,090,990$34,037,350$25,163,359$66,215,068
86$101,444,605$35,665,513$25,966,665$71,954,424
87$111,751,038$37,372,207$26,795,632$78,234,479
88$123,107,439$39,161,241$27,651,080$85,108,352
89$135,620,864$41,036,607$28,533,857$92,634,484
90$149,409,286$43,002,495$29,444,836$100,877,181
91$164,602,713$45,063,297$30,384,917$109,907,203
92$181,344,410$47,223,619$31,355,032$119,802,417
93$199,792,255$49,488,292$32,356,142$130,648,523
94$220,120,228$51,862,381$33,389,235$142,539,840
95$242,520,053$54,351,200$34,455,337$155,580,184
96$267,203,009$56,960,318$35,555,500$169,883,828
97$294,401,922$59,695,580$36,690,816$185,576,566
98$324,373,366$62,563,112$37,862,406$202,796,878
99$357,400,085$65,569,340$39,071,433$221,697,220
100$393,793,660$68,721,003$40,319,091$242,445,440